Among the determinants underlying a country's international competitiveness in business services (e.g.,construction) are:
A) The potential scale economies afforded by a market's size
B) Abundance of equipment including data processing facilities and computers
C) Skills and capabilities of employees and their wage rates
D) All of the above

Question

Quizplus · Accepted Answer

Each of the choices (potential scale economies, abundance of equipment, and skills/capabilities of employees) are important determinants of a country's international competitiveness in business services such as construction. Potential scale economies are influenced by market size, abundance of equipment such as data processing facilities and computers helps businesses operate efficiently, and skilled employees who may have a lower wage rate can help a company offer competitive pricing while maintaining high quality services.

Among the Determinants Underlying a Country's International Competitiveness in Business